One difference between stocks and bonds is that
A) stocks do not involve a promise to repay a purchaser of the stock, while bonds represent a promise to repay the purchase price of the bond.
B) stocks represent ownership in companies, while bonds represent ownership in banks.
C) stocks are financial securities, while bonds are labor market securities.
D) stocks are usually issued in electronic form, while bonds are usually issued in paper form.
A
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Refer to the scenario above. What is the payoff to Firm A in equilibrium?
A) $2.4 million B) $2.6 million C) $5.2 million D) $3.0 million
Refer to Scenario 5.3. Where is the highest expected revenue, based on the 10 years' past performance?
A) Whizbo B) Yowzo C) Zowiebo D) Whizbo and Yowzo E) Yowzo and Zowiebo
When oligopolistic firms interacting with one another each choose their best strategy given the strategies chosen by other firms in the market, we have
a. a cartel. b. a group of oligopolists behaving as a monopoly. c. a Nash equilibrium. d. the perfectly competitive outcome.
Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 60 cookies together. What is the average product of the first two workers?
A. 15 cookies B. 20 cookies C. 35 cookies D. 17.5 cookies